L&T Money Market Fund Direct Dividend monthly+0.02%

3Groww
7.24%
1 Year Return
Debt
Money Market
3.0 star
6M
1Y
3Y
5Y
All

Fund Details

L&T Money Market Fund Direct Dividend monthly

RiskModerately Low
Min SIP AmountNot Supported
Expense Ratio0.28%
NAV11.9 (21 Aug 2019)
Fund Started01 Jan 2013
Fund Size723 Cr

Returns

1Y
3Y*
5Y*
Since inception*
L&T Money Market Fund Direct Dividend monthly
7.2%
7.9%
8.3%
8.5%
Category Average
7.6%
7.1%
7.7%
-
Rank within category
13
2
3
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    30
    with 7.2% annual returns

    Comparison

    Data not available
    Pros
    1. Risk-adjusted returns are higher compared to the category
    2. Lower expense ratio
    3. 3Y Returns are higher than the benchmark
    4. Exit load is zero
    Cons
    1. Risk is higher compared to the benchmark
    2. 1Y Returns are lower than the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    Small Industries Devp. Bank of India Ltd.FinancialCP10.0%
    ICICI Bank Ltd.FinancialCD10.0%
    Reliance Industries Ltd.EnergyCP6.8%
    Kotak Mahindra Bank Ltd.FinancialSecuritised Debt6.7%
    HDFC Bank Ltd.FinancialCD6.7%
    Housing Development Finance Corpn. Ltd.FinancialCP6.7%
    Indusind Bank Ltd.FinancialCD6.6%
    Tata Power Co. Ltd.EnergyCP3.4%
    Tata Power Solar Systems Ltd.EngineeringCP3.4%
    National Bank For Agriculture & Rural DevelopmentFinancialCP3.4%
    See All

    Fund Managers

    addJalpan Shah
    Education
    Mr. Shah is a B.E. (Mechanical) and holds a PGDM.
    Experience
    Prior to joining L&T, he was associated with FIL Fund Management Private Limited (Dec 2007-Nov 2012), Lotus India Asset Management Company Private Limited (Sep 2007-Nov 2007) as a Research Analyst, UTI Asset Management Company Private Limited (July 2006-Aug 2007) as a Research Analyst and UTI Asset Management Company Private Limited(May 2004-June 2006) as a Sales & Marketing Manager.
    Funds Managed
    addVikas Garg
    Education
    Mr. Garg is CFA MBA Finance, B-Tech and M- Tech
    Experience
    Prior to joining L&T Mutual Fund he has worked with Fidelity International as Credit analyst and Research Associate- Credit, ICRA as Sr Analyst and Indian Oil Corporation Ltd as Project manager
    Funds Managed

    Other Details

    L&T Money Market Fund Direct Dividend monthly is a Debt Mutual Fund Scheme launched by L&T Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Jalpan Shah, Vikas Garg is the Current Fund Manager of L&T Money Market Fund Direct Dividend monthly.The fund currently has an Asset Under Management(AUM) of ₹723 Cr and the Latest NAV as of 21 Aug 2019 is ₹11.9.

    The L&T Money Market Fund Direct Dividend monthly is rated Moderately Low risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 10000. Nil.

    Investment Objective

    To generate regular income through investment in a portfolio comprising substantially of floating rate debt / money market instruments swapped for floating rate returns, fixed rate debt securities, government securities and money market instruments

    Tax Implications

    Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

    Scheme Information Document(SID)

    ₹10000
    Min for First Investment
    ₹1000
    Min for Second Investment
    Nil
    Exit Load

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    About L&T Mutual Fund

    Address
    6th Floor, Brindavan, Plot No 177, CST Road, Kalina, Santacruz (E), Mumbai 400098
    Phone
    022-66554000
    Launch Date
    02 Jan 1997
    L&T Mutual Fund
    Asset Management Company
    Custodian
    Citibank NA
    Registrar & Transfer Agent
    Cams
    Address
    7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
    Invest Now
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    Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.
    Past performance is not indicative of future returns. Please consider your specific investment requirements, risk tolerance, investment goal, time frame, risk and reward balance and the cost associated with the investment before choosing a fund, or designing a portfolio that suits your needs.
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